Finkurve Financial Services Ltd to Consider Fund Raising via Debentures

Fund Raising Size: Up to ₹60 crore.&nbsp;&nbsp;
Structure: Base issue of ₹50 crore with a green shoe option of ₹10 crore.&nbsp;&nbsp;
Instrument Details: Secured, redeemable NCDs with a coupon rate of 11.16% per annum.&nbsp;&nbsp;
Tenure: 21 months from the date of allotment.&nbsp;&nbsp;
Payment Terms: Monthly interest payments to investors.&nbsp;&nbsp;
Additional Development: The company&rsquo;s Nomination and Remuneration Committee also approved the grant of 4,75,572 employee stock options under the &ldquo;Finkurve ESOP Plan &ndash; 2018,&rdquo; exercisable into equity shares of face value Re. 1 each.&nbsp;&nbsp;

Unknown Apr 02, 2026 200 Views

Finkurve Financial Services Ltd has approved raising up to ₹60 crore through the private placement of non-convertible debentures (NCDs). The issue includes a base size of ₹50 crore with a green shoe option of ₹10 crore. The secured debentures carry an 11.16% coupon rate with monthly interest payments and a 21-month tenure.